2011 2010 Taka Taka 12. Liabilities for expenses and materials Liabilities for expenses 2,717,731,595 1,577,772,259 Liabilities for goods 406,267,962 414,963,214 Advances received for training, publications, supplies etc. 906,000,038 674,165,591 4,029,999,595 2,666,901,064 2011 2010 13. Bank overdrafts Taka Taka AB Bank Ltd. 29,547,466 182,822,348 * Agrani Bank Ltd. 25,229,525 141,636,178 * Bangladesh Krishi Bank (BKB) 234,356,307 42,872,603 Bank Alfalah Ltd. 16,851,418 55,339,922 Bank Asia Ltd. 4,760,839 123,515,632 Dhaka Bank Ltd. 139,891 200,840,411 Dutch Bangla Bank Ltd. 9,668,094 14,923,031 Eastern Bank Ltd. 21,530,133 55,483,086 HSBC Bank Ltd. 48,254 IFIC Bank Ltd. 351,448 279,076,744 Janata Bank Ltd. 16,471,629 133,583,135 National Bank Ltd. - 114,530,337 Premier Bank Ltd. 3,335,451 47,405,853 Prime Bank Ltd. 963,316,518 280,518,600 * Pubali Bank Ltd 2,897,403,458 955,504,978 Rupali Bank Ltd. 178,584,082 118,838,954 Sonali Bank Ltd. 227,682,743 South East Bank Ltd. 2,183,458 29,042,538 Standard Bank Ltd. 2,016,958 10,754,804 State Bank of India 169,809 50,965,780 The Trust Bank Ltd. 482,730,946 163,492,253 United Commercial Bank Ltd. 4,528,905 113,065,678 Uttara Bank Ltd. - 85,364,128 5,120,907,332 3,199,576,993 * The bank overdrafts are secured by fixed deposits amounting to Tk. 2,026,607,549 (2010: Tk 1,262,129,251) and properties amounting in aggregate to Tk. 570,271,197 (2010: 551,547,348).
The bank overdrafts were obtained for BRAC’s micro-finance programme and to finance working capital requirements. The bank overdrafts bear interest at 11% -16% (2010: 11% -13%) per annum, and are repayable within 12 months.